HSBC Securities Services has created a new head of product strategy role to push business in China.
Elaine Liu joins HSBC Securities Services’s Hong Kong office, where she will report to the global head of fund services, Ian Stephenson.
Liu is responsible for creating and developing HSBC Securities Services China products as the bank looks to new business opportunities in the country. She will also work closely with the regulatory bodies in and outside of China and oversee the design and maintenance of the associated business operating models.
She previously served as head of client relationship and China business development at State Street Global Services in Hong Kong.
Prior to this, Liu worked at BNY Mellon where she set up administration services for the bank’s alternative investment services business in Hong Kong.
Stephenson commented: "China presents huge opportunities for investors as the country continues to liberalise its capital market, witnessed by the development of its investment schemes for offshore investors including the recent expansion of RQFII (renminbi qualified foreign institutional investors) to France, Germany and South Korea.”
“HSBC Securities Services has been actively supporting its clients to capture these opportunities and this appointment is a further demonstration of our commitment to supporting its clients' strategies as they relate to growth opportunities both inside and outside of China."
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